2018-02-01T05:39:22-06:00 2017-05-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2016-06-01 340714626 ASHLAND UNIVERSITY ASHL 4192895011 401 COLLEGE AVENUE ASHLAND OH 44805 RANDALL W PATTERSON INTERIM VICE PRESIDENT & CFO 4192895011 2018-01-31 1 EUGENE J LOGAN P00227231 4122613644 208.79.164.82 2018-01-31 10:10:14 ES P 1AF360D21ADDF08E797CAEFC3298F94C73C82E4C 1056F56482D3603A9D609AC7F132D63D42936AC8 2016 2021-01-29 14:40:06Z RANDALL W PATTERSON 401 COLLEGE AVENUE ASHLAND OH 44805 149105428 0 X WWW.ASHLAND.EDU X 1878 OH INSTITUTION OF HIGHER EDUCATION 32 29 2735 38 634181 -1553 9462173 8680949 98847402 110204578 676654 2439428 655353 -2333 109641582 121322622 19528642 24299177 0 0 53304742 55503024 362925 191842 1965630 33031342 35928408 106227651 115922451 3413931 5400171 229141437 237970573 98503452 99479557 130637985 138491016 ASHLAND UNIVERSITY, GUIDED BY OUR CHRISTIAN HERITAGE, IS A COMPREHENSIVE, PRIVATE UNIVERSITY THAT PROVIDES A TRANSFORMATIVE LEARNING EXPERIENCE, SHAPING GRADUATES WHO WORK, SERVE AND LEAD WITH INTEGRITY IN THEIR LOCAL, NATIONAL, AND GLOBAL COMMUNITIES. 0 0 80826079 23904381 90075468 ASHLAND UNIVERSITY OFFERS MORE THAN 70 DIFFERENT ACADEMIC PROGRAMS AT THE BACHELOR'S, MASTER'S, AND DOCTORATE LEVELS. THE ACADEMIC PROGRAMS ARE DIVERSE AND RICH IN OPPORTUNITIES FOR OUR STUDENTS. THE INTEGRATION OF THE LIBERAL ARTS AND CAREER DEVELOPMENT IS A MAJOR STRENGTH OF ASHLAND UNIVERSITY. THE UNIVERSITY CONSISTS OF THE COLLEGE OF ARTS AND SCIENCES, COLLEGE OF BUSINESS AND ECONOMICS, COLLEGE OF EDUCATION, COLLEGE OF NURSING AND HEALTH SCIENCES, FOUNDERS COLLEGE, AND COLLEGE OF ONLINE AND ADULT STUDIES. THE ACADEMIC AFFAIRS DIVISION ALSO OVERSEES LIBRARY SERVICES, GLOBAL EDUCATION, AND ACADEMIC SUPPORT INCLUDING ADVISING AND TUTORING SERVICES. 27052456 394796 20129110 THE UNIVERSITY'S AUXILIARIES ENTERPRISES OPERATIONS EXIST PRIMARILY TO FURNISH GOODS AND SERVICES TO STUDENTS, FACULTY AND STAFF. MANAGED AS ESSENTIALLY SELF-SUPPORTING ACTIVITIES, THE UNIVERSITY'S AUXILIARY ACTIVITIES CONSIST PRIMARILY OF HOUSING SERVICES, DINING SERVICES, CAMPUS STORES, COPY SERVICES, AND LAUNDRY SERVICES. 107878535 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 1 0 0 0 1 403 0 1 2735 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 X 32 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 OH X JANET EDWARDS CPA 4192075574 401 COLLEGE AVENUE ASHLAND OH 44805 RONALD B ALFORD TRUSTEE 1.00 0.00 X 0 0 0 ROBERT M ARCHER TRUSTEE 1.00 0.00 X 0 0 0 THOMAS A AURANDT TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER D BOYD TRUSTEE 1.00 0.00 X 9051 0 0 DAVID M BUSH TRUSTEE 1.00 0.00 X 0 0 0 MARK E CAMP TRUSTEE 1.00 0.00 X 0 0 0 DANIEL COFFEE TRUSTEE 1.00 0.00 X 0 0 0 BRENDA K DEAN TRUSTEE 1.00 0.00 X 0 0 0 KEVIN L DOSS TRUSTEE 1.00 0.00 X 0 0 0 D REX ELSASS TRUSTEE 1.00 0.00 X 0 0 0 WAYNE R GIRBACH TRUSTEE 1.00 0.00 X 0 0 0 DR ARDEN E GILMER TRUSTEE 1.00 0.00 X 0 0 0 PATRICIA M GRAVATT TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN L GROZA EXITED 1016 TRUSTEE 1.00 0.00 X 0 0 0 JAMES H HESS TRUSTEE 1.00 0.00 X 0 0 0 TERRY A HOFECKER TRUSTEE 1.00 0.00 X 0 0 0 BROOKS HULL TRUSTEE 1.00 0.00 X 0 0 0 DR G EMERY HURD TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH L KARL TRUSTEE 1.00 0.00 X 0 0 0 DAVID B KRILL EXITED 517 TRUSTEE 1.00 0.00 X 0 0 0 BILLIE A MASSIE TRUSTEE 1.00 0.00 X 0 0 0 LISA O MILLER TRUSTEE 1.00 0.00 X 0 0 0 PAUL E MCKNIGHT TRUSTEE 1.00 0.00 X 0 0 0 JOHN D MOORE TRUSTEE 1.00 0.00 X 0 0 0 P THOMAS MURRAY JR TRUSTEE 1.00 0.00 X 0 0 0 DUSTIN J NESS TRUSTEE 1.00 0.00 X 0 0 0 JEFF PAYTON TRUSTEE 1.00 0.00 X 0 0 0 ALAN D ROTH EXITED 517 TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY L SOLOMON TRUSTEE 1.00 0.00 X 0 0 0 LEROY A SOLOMON EXITED 517 TRUSTEE 1.00 0.00 X 0 0 0 DR DALE R THOMAE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT G WARD II TRUSTEE 1.00 0.00 X 0 0 0 THOMAS WHATMAN EXITED 517 TRUSTEE 1.00 0.00 X 0 0 0 MITCHELL P ZUNICH TRUSTEE 1.00 0.00 X 0 0 0 JOYCE A LAMB CHAIR 1.00 0.00 X X 0 0 0 FRED B BROAD VICE CHAIR 1.00 0.00 X X 0 0 0 GARY L COURTRIGHT SECRETARY 1.00 0.00 X X 0 0 0 THOMAS H PICKERING ASSISTANT SECRETARY (EXITED 5/17) 1.00 0.00 X X 0 0 0 CARLOS CAMPO PRESIDENT 40.00 0.00 X 361924 0 122367 SCOTT VAN LOO EXITED 1116 EXECUTIVE VICE PRESIDENT 40.00 0.00 X 146873 0 23318 MARK HARDEN ENTERED 716 PRESIDENT OF SEMINARY 40.00 2.00 X 72816 0 9577 EUN-WOO CHANG PROVOST 40.00 0.00 X 136245 0 6085 PATRICK EWING VP OF FACILITIES MGMT 40.00 0.00 X 97916 0 49940 STEPHEN R STORCK VP FINANCE & ADMINISTRATIO 40.00 0.00 X 168589 0 25244 MARGARET A POMFRET VP OF DEVELOPMENT 40.00 0.00 X 149135 0 9490 HANNAH CLAYBOURNE VP OF STUDENT AFFAIRS 40.00 0.00 X 113400 0 10596 MICHAEL HOLLENBAUGH EXIT 1216 VP FOR ENROLLMENT MANANGEM 40.00 0.00 X 107151 0 2360 TODD MARSHALL ASSISTANT PROVOST 40.00 0.00 X 156045 0 10744 ROGER BECKETT DIRECTOR ASHBROOK CENTER 40.00 0.00 X 205150 0 45851 VICTORIA HUGHES DIR. OF DEVELOPMENT ASHBRO 40.00 0.00 X 179881 0 14388 DAWN WEBER DEAN OF ARTS & SCIENCES 40.00 0.00 X 136330 0 7321 ELAD GRANOT DEAN OF BUSINESS AND ECONOMICS 40.00 0.00 X 117521 0 16075 DANIEL FOX ASSOCIATE PROFESSOR OF BUSINESS 40.00 0.00 X 160368 0 26818 RAYMOND JACOBS ASSOCIATE DEAN 40.00 0.00 X 135957 0 31565 ROBERT STOLL ASST. PROFESSOR- MANAGEMENT 40.00 0.00 X 118278 0 26831 FREDERICK J FINKS FORMER CHANCELLOR & OFFICER 0.00 0.00 X 133036 0 10547 JOHN C SHULTZ FORMER PRESIDENT OF SEMINARY & OFFICER 0.00 0.00 X 123801 0 5813 2829467 0 454930 42 1 1 0 EDUFFICIENT LLC 6 FOREST AVE 2ND FLOOR PARAMUS NJ 07652 ADVERTISING/MARKETING 573766 OTIS ELEVATOR COMPANY 1450 FIRESTONE PKWY STE A AKRON OH 44301 ELEVATOR MAINTENANCE 538165 1900 LLC PO BOX 6652 SNOWMASS VILLAGE CO 81615 RENTAL LEASE 400004 HOSPITAL REALTY LLC 561 LEEDS GALE LANE WADSWORTH OH 44281 RENTAL LEASE 381000 BAREFOOT FLOORS 1250 E MAIN STREET ASHLAND OH 44805 CONSTRUCTION 272196 24 27956 704714 7948279 1570304 8680949 TUITION & FEES 611710 90075468 90075468 AUXILIARY ENTERPRISES 611710 20129110 20129110 110204578 1539547 17832 1521715 4160 4160 23221255 22321374 899881 899881 899881 56221 27956 79713 -23492 -23492 5398718 5381719 16999 616349 -599350 121322622 110204578 634181 1802914 24299177 24299177 2421620 606655 1212501 602464 42163964 39611058 2118440 434466 759356 734371 23355 1630 6842022 6580250 234177 27595 3316062 2808441 460608 47013 133571 133571 111858 111858 191842 191842 133319 133319 4495128 4248307 163250 83571 2488217 2394704 11190 82323 3077976 2705501 306205 66270 1030722 850636 112391 67695 4435504 4237045 193783 4676 1934324 1744884 50940 138500 147566 122259 11187 14120 4344973 4344973 4761965 4761965 1744557 1238261 506296 BAD DEBT/COLLECTION 3178031 3178031 HOSPITALITY 861831 674618 84982 102231 INSTRUCTIONAL COST 535640 534842 798 STUDENT ACTIVITIES 478636 429633 39289 9714 2034590 1772924 170146 91520 115922451 107878535 6078286 1965630 8480 8480 16263518 22923646 9569126 2262110 9073053 13123408 2388609 2358834 857056 771738 459880 551603 247084515 103791302 143071316 143293213 44312451 50004939 2759933 2258175 378015 414427 229141437 237970573 12018618 11633395 7647662 11212991 66035523 66098392 4816097 3599396 7985552 6935383 98503452 99479557 X 84163907 87734325 9749586 11438784 36724492 39317907 130637985 138491016 229141437 237970573 X 5400171 2261541 191319 X X 0 1 X 1 1 1 X 11176596 9575816 6179810 10374050 8680949 45987221 11176596 9575816 6179810 10374050 8680949 45987221 7102317 38884904 969450 921483 1335794 1169898 1543707 5940332 220217 250127 77260 178310 0 725914 52653467 557460170 0.73850 0.75000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 5 257.86 0 0 0 1 0 0.00 0 1 X X 0 36762677 1168477 3931248 504425 69861 41288116 37731822 1108986 -1278189 732703 67239 36762677 39086241 521346 -1301315 574450 37731822 36042412 1752197 2771732 1480100 39086241 31162368 2269247 2997370 1072143 4053 35352789 0.00170 0.89040 0.10790 0 0 18556986 18556986 179868181 65282566 114585615 34472255 31551160 2921095 14187093 6957576 7229517 143293213 CAPITAL LEASE OBLIGATIONS 2539214 ACCRUED CHARITABLE GIFT ANNUITY 2666780 ADVANCES FROM FEDERAL GOVERNMENT 1729389 6935383 X 103108731 2261541 5573038 7834579 95274152 133571 25914899 26048470 121322622 95255700 5461432 5461432 89794268 133571 25994612 26128183 115922451 PART II, LINE 9: CONSERVATION EASEMENTS ARE RECORDED ON THE STATEMENT OF FINANCIAL POSITION AT COST IF PURCHASED AND AT FAIR VALUE AS OF THE DATE OF CONTRIBUTION IF RECEIVED BY DONATION. MAJOR IMPROVEMENTS ARE CAPITALIZED AT COST. FOR THE STATEMENT OF ACTIVITIES, NO REVENUES HAVE BEEN GENERATED BY CONSERVATION EASEMENTS AND, THEREFORE, NONE RECORDED. EXPENSES FOR UPKEEP AND DEPRECIATION, IF APPLICABLE, ARE CHARGED TO UNRESTRICTED EXPENSE WHEN INCURRED. PART III, LINE 1A: JAMES E FERRELL, FERRELL CAPITAL, INC. PROVIDED ASHLAND UNIVERSITY WORKS OF ART APPRAISED FOR $4,775,000 ON MARCH 9, 2017. PART III, LINE 4: VARIOUS PAINTINGS AND SCULPTURES ARE HELD TO STIMULATE ARTISTIC APPRECIATION. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT CONSISTS OF APPROXIMATELY 700 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. SPECIFICALLY, THESE PURPOSES INCLUDE SCHOLARSHIPS TO STUDENTS TO ATTEND THE UNIVERSITY AS WELL AS SUPPORTING THE PROGRAMS AND ACTIVITIES OF THE UNIVERSITY. PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. HOWEVER, TO THE EXTENT THAT CERTAIN AUXILIARY REVENUES EXCEED RELATED EXPENSES, THEY ARE CONSIDERED TO BE UNRELATED BUSINESS INCOME AND SUBJECT TO INCOME TAX. THE UNIVERSITY FOLLOWS THE CODIFICATION TOPIC ON INCOME TAXES. THE TOPIC PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN FINANCIAL STATEMENTS. THE UNIVERSITY'S STATEMENTS OF FINANCIAL POSITION AT MAY 31, 2017 AND 2016 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE UNIVERSITY HAS NO UNRECOGNIZED TAX BENEFITS. THE UNIVERSITY IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,381,719. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 191,319. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 25,889,024. SPECIAL EVENT EXPENSE -79,713. BANKING FEES 105,588. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,381,719. SPECIAL EVENT EXPENSE 79,713. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 25,889,024. BANKING FEES 105,588. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZES ITS NONDISCRIMINATORY POLICY THROUGH VARIOUS MEDIA OUTLETS AND PROMOTIONAL MATERIALS IN ORDER TO ENSURE THAT ITS POLICY IS MADE KNOWN TO THE COMMUNITY. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES FEDERAL FUNDING FROM THE FEDERAL GOVERNMENT FOR FEDERAL WORK-STUDY AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPROTUNITY GRANTS. THE UNIVERSITY ALSO PARTICIPATES IN THE PERKINS LOAN PROGRAM, PARTICALLY FUNDED BY THE FEDERAL GOVERNMENT. IN ADDITION, STUDENTS MAY RECEIVE VETERAN BENEFITS, GRANTS OR LOANS THROUGH FEDERAL PELL GRANT AND FEDERAL DIRECT LOAN PROGRAMS OR THROUGH SIMILAR STATE PROGRAMS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES RECRUITING OF STUDENTS 301792 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 27182 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD 130728 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES RECRUITING OF STUDENTS 3000 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES RECRUITING OF STUDENTS 69750 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES MISSION TRIP 5923 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES MISSION TRIP 4250 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES STUDY ABROAD 28348 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 3031182 0 0 0 0 0 0 570973 3031182 3602155 1 0 0 1 1 0 X X 1 CLEARWORD COMMUNICATIONS GROUP 10302 BRISTOW CENTER DR 51 BRISTOW VA 20136 HIGH-DOLLAR DIRECT MAIL FUNDRAISING 0 302424 60153 242271 AC FITZGERALD & ASSOCIATES PO BOX 321012 ALEXANDRIA VA 22320 DIRECT MAIL CONSULTING 0 0 48000 0 JOHNSON GROSSNICKLE & ASSOCIATES INC 29 S PARK BLVD GREENWOOD IN 46143 FEASIBILITY STUDY FOR COMPREHENSIVE CAMPAIGN 0 0 83689 0 302424 191842 242271 AL AK AZ AR CA CO CT DC FL GA HI KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SILENT AUCTION 19712 17956 1756 8618 1623 EAGLE GOLF OUTING 64465 10000 54465 9877 59595 84177 27956 56221 8618 11500 59595 79713 -23492 1 SCHOLARSHIPS, FINANCIAL AID AND GRANTS 3889 24299177 0 N/A N/A PART I, LINE 2: THE MAJORITY OF GRANTS AND ASSISTANCE PROVIDED BY THE UNIVERSITY IS IN THE FORM OF SCHOLARSHIPS AND FINANCIAL AID TO OFFSET THE COST OF TUITION, ROOM AND BOARD FOR ITS STUDENTS. THESE FUNDS ARE AWARDED THROUGH THE UNIVERSITY'S FINANCIAL AID OFFICE BASED ON A COMBINATION OF MERIT AND NEED. THEY ARE DISBURSED DIRECTLY TO THE STUDENT'S BILLING ACCOUNT BY THE OFFICE OF STUDENT ACCOUNTS. X 1 1 X X X 1 1 0 0 0 0 0 0 0 CARLOS CAMPO PRESIDENT 218504 0 0 0 143420 0 102632 0 19735 0 484291 0 0 0 SCOTT VAN LOO EXITED 1116 EXECUTIVE VICE PRESIDENT 146719 0 0 0 154 0 4512 0 18806 0 170191 0 0 0 STEPHEN R STORCK VP FINANCE & ADMINISTRATIO 168589 0 0 0 0 0 5285 0 19959 0 193833 0 0 0 MARGARET A POMFRET VP OF DEVELOPMENT 148987 0 0 0 148 0 4470 0 5020 0 158625 0 0 0 TODD MARSHALL ASSISTANT PROVOST 155723 0 0 0 322 0 1822 0 8922 0 166789 0 0 0 ROGER BECKETT DIRECTOR ASHBROOK CENTER 205150 0 0 0 0 0 21140 0 24711 0 251001 0 0 0 VICTORIA HUGHES DIR. OF DEVELOPMENT ASHBRO 178610 0 0 0 1271 0 5434 0 8954 0 194269 0 0 0 DANIEL FOX ASSOCIATE PROFESSOR OF BUSINESS 160057 0 0 0 311 0 2843 0 23975 0 187186 0 0 0 RAYMOND JACOBS ASSOCIATE DEAN 134439 0 0 0 1518 0 3624 0 27941 0 167522 0 0 0 FREDERICK J FINKS FORMER CHANCELLOR & OFFICER 0 0 0 0 133036 0 3750 0 6797 0 143583 0 0 0 JOHN C SHULTZ FORMER PRESIDENT OF SEMINARY & OFFICER 21595 0 0 0 102206 0 2068 0 3745 0 129614 0 54172 0 PART I, LINE 1A A HOUSING ALLOWANCE WAS PROVIDED FOR THE FOLLOWING INDIVIDUALS: CARLOS CAMPO - $15,941 FREDRICK J. FINKS - $9,231 MARK HARDEN - $37,714 JOHN SHULTZ - $46,250 PART I, LINES 4A-B LINE 4A: FREDERICK J. FINKS RECEIVED SEVERANCE $118,140 JOHN C. SHULTZ RECEIVED A SEVERANCE OF $54,172. LINE 4B: CARLOS CAMPO - $116,942 WAS CONTRIBUTED TO HIS 457(F) PLAN IN 2016. A ECONOMIC DEVELOPMENT AND FINANCE ALLIANCE OF TUSCARAWAS COUNTY 300012117 90069GAB9 2015-07-29 67355000 PAYOFF PREVIOUS DEBT & CAPITAL IMPROVEMENTS 0 0 0 A 67355000 4997900 741625 1341412 3242202 55274063 1757798 2015 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 1 0 A 0 30111 SCHOLARSHIP EDUCATIONAL WARD TITLE AGENCY ROBERT G. WARD, II, TRUSTEE AND IS A CO-OWNER OF WARD TITLE AGENCY 203960 TITLE WORK PERTAINING TO THE PURCHASE OF UNIVERSITY PROPERTIES 0 SPRENG-SMITH INSURANCE SON OF JOHN SHULTZ FORMER OFFICER, IS CO-OWNER OF SPRENG-SMITH INSURANCE 461020 INSURANCE PROVIDER 0 THE STRATEGY GROUP COMPANY LLC REX ELSASS, TRUSTEE AND IS A CO-OWNER OF STRATEGY GROUP COMPANY, LLC 133500 ADVERTISING 0 X 1 0 X 10 1570304 FAIR MARKET VALUE 2 0 1 0 PART I, COLUMN (B): THE NUMBER SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED MAY 31, 2017. PART I, LINE 33: THE UNIVERSITY RECEIVED FIVE PAPYRUS FRAGMENTS OF THE GREEK VERSION OF THE BOOK OF EXODUS, 4TH - 5TH C AND FIVE SETS OF PARCHMENT FRAGMENTS OF THE DEAD SEA SCROLLS. THE UNIVERSITY ELECTED TO NOT CAPITALIZE THE CONTRIBUTION UNDER THE STATEMENT OF FINANCIAL ACCOUNTING STANDARD NO. 116. FORM 990, PART VI, SECTION A, LINE 1 WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO EXERCISE ALL THE FUNCTIONS OF THE BOARD OF TRUSTEES. THE COMMITTEE MAY NOT HIRE OR REMOVE THE PRESIDENT, CHANGE THE BY-LAWS OF THE POLICY AND PROCEDURE MANUAL, MAKE CHANGES TO THE MISSION, APPROVE MAJOR CONSTRUCTION PROJECTS, INCUR DEBT FINANCING, SELL OR ACQUIRE MAJOR ASSETS OR ELECT BOARD MEMBERS. MINUTES OF THE EXECUIVE COMMITTEE SHALL BE PRESENTED TO THE FULL BOARD FOR THEIR APPROVAL AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 PREPARED BY THE CONTROLLER WITH ASSISTANCE OF AN INDEPENDENT TAX PREPARATION FIRM. UNIVERSITY MANAGEMENT REVIEWS THE 990 FOR COMPLETENESS AND ACCURACY. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND ACCEPTS THE FORM 990 PRIOR TO FILING. THE ENTIRE BOARD OF TRUSTEES IS GIVEN ACCESS TO THE FILING COPY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. STAFF IN THE PRESIDENT'S OFFICE REVIEW THE SIGNED FORMS FOR COMPLETENESS AND DISCLOSURE OF CONFLICTS. ANY MEMBER WHO HAS A CONFLICT RECUSES HIMSELF OR HERSELF FROM THE DISCUSSION AND VOTING TOPICS AT BOARD MEETINGS. ALL INTERESTED PERSONS, INCLUDING BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED INDIVIDUALS ALSO COMPLETE AN ANNUAL QUESTIONNAIRE REGARDING POTENTIAL CONFLICTS WHICH MIGHT EXIST. THE RESPONSES TO THIS QUESTIONARE ARE REVIEWED BY THE OFFICE OF BUSINESS AFFAIRS. THE EMPLOYEE HANDBOOK HAS A CONFLICT OF INTEREST STATEMENT THAT COVERS ALL EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES IS RESPONSIBLE FOR SETTING COMPENSATION FOR THE PRESIDENT. THE BOARD REVIEWED AND APPROVED THE LEVEL OF COMPENSATION FOR THE CURRENT PRESIDENT BASED ON VARIOUS FACTORS, INCLUDING REVIEW OF PRESIDENTIAL COMPENSATION PACKAGES AT COMPARABLE INSTITUTIONS AND REVIEW OF THE MARKET OF CANDIDATES WITH SIMILAR LEVELS OF EXPERTISE AS THE CANDIDATE. THE PRESIDENTIAL ASSESSMENT COMMITTEE OF THE BOARD CONDUCTS ON-GOING ANALYSIS OF PRESIDENTIAL COMPENSATION AND MAKES ADJUSTMENTS BASED ON PERFORMANCE AND MARKET DATA. THE UNIVERSITY USES PEER DATA AND INTERNAL EQUITY CONSIDERATIONS TO SET COMPENSATION FOR ALL OTHER EMPLOYEES. THE PRESIDENT SETS COMPENSATION FOR VICE PRESIDENTS USING THE COMPENSATION STUDY, OTHER INDUSTRY COMPENSATION COMPILATIONS AND COMPARING SIMILARLY SITUATED INSTITUTIONS. THIS PROCESS IS COMPLETED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE KEPT ON-SITE AND ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 191,319. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT AND COMPLIANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. ASHLAND THEOLOGICAL SEMINARY FOUNDATION 910 CENTER STREET ASHLAND OH 44805 341202588 PROVIDES SUPPORT TO ASHLAND THEOLOGICAL SEMINARY OH 501(C)(3) LINE 12C, III-FI ASHLAND UNIVERSITY 1 FRIENDS OF ASHBROOK CENTER PO BOX 5192 ASHLAND OH 44805 341581651 PROVIDES SUPPORT TO JOHN M. ASHBROOK CENTER FOR PUBLIC AFFAIRS OH 501(C)(3) LINE 12D, III-O ASHLAND UNIVERSITY 0 ASHLAND LEGACY TRUST PO BOX 384 ASHLAND OH 44805 456496788 SEE PART VII FOR PRIMARY ACTIVITY OH T 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 PART IV, COLUMN (B), PRIMARY ACTIVITY: THE TRUST HOLDS LIFE INSURANCE POLICIES ON SEVERAL OF THE UNIVERSITY'S CURRENT AND FORMER BOARD MEMBERS AND OTHERS.